HomeMy Public PortalAbout1985_11_27_R209The Town of Leesburg in Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED November 27~ 1985
85-209 ADOPTED November 27, 1985
AUTHORIZING A SECOND EXTENSION OF TIME FOR THE SUBMITTAL OF
DEVELOPMENT PLANS FOR PARCEL 2 OF THE VEPCO TRACT
WHEREAS, the Council authorized a contract with Market Square Associates by
Ordinance No. 85-0-2 for the sale and development of the former VEPCO tract; and
WHEREAS, by Resolution No. 85-64 the Council authorized an extension of time
for the submittal of a development plan. and sale of this tract; and
WHEREAS, to maximize the use of Community Development Block Grant funds
a further extension to delay the execution of the contract and land sale is
necessary:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The sales contract and development agreement between the Town
of Leesburg and Market Square Associates, Inc. dated February 25, 1985, and
amended May 8, 1985 is amended further to require submittal of a concept plan for
the development of Parcel 2 by February 1, 1986, and submittal of the final site
plan and architectural designs for this parcel by May 1, 1986.
SECTION II. Market Square Associates, Inc. shall purchase Parcel 2 no
earlier than February 1, 1986 and no later than April 1, 1986.
SECTION III. This amendment shall not impair or alter any other provision of
the contract between the Town of Leesburg and Market Square Associates, Inc.
PASSED this 27th day of November
ATTE ST:
Clerk of C~cil
, 1985.
Town of Leesburg